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This paper begins with a general overview of the basic building blocks of cap and trade, followed by a discussion of the potential scope of coverage of a program, including what entities might be regulated and which emissions. The paper then focuses on how to set the initial emissions cap

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With the federal government now debating the best way to reduce greenhouse gas emissions on a national scale, policymakers must also address the need to collect the emissions data necessary to ensure the success of U.S. climate change policies. The fi rst step in reducing emissions is to

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This report presents a quantitative overview and analysis of greenhouse gas (GHG) emissions in the Midwest region of the United States. The study is the first to examine all six Kyoto GHGs across the entire Midwest economy using consistent and comparable data.

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Global climate change is the greatest environmental challenge we face. We have at most a few decades to make the necessary investments to prevent the most serious impacts of climate change. Future generations will judge us based on the investments we are considering now.

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Tax expenditures are provisions in the U.S. federal tax code that provide special tax benefi ts for selected economic activities or taxpayers. A number of tax expenditures add to greenhouse gas emissions by encouraging production and consumption of fossil fuels.

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As the new Congress convenes, both Democratic and Republican lawmakers are proposing limits on greenhouse gas emissions. Most of these proposals are for carbon cap and trade systems similar to the European Union Emissions Trading System.

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